The company, based in Riverton, Wyoming, had $121.52m in total assets on 31 March.
Standard Steam Trust, 25% owned by USE, is acquiring leases for possible geothermal power development with 60,000 acres thus far in Idaho, Nevada and Utah.
Standard Steam Trust, based in Denver, Colorado, expects to advance each individual property through exploration and feasibility stages. It will then look at selling a property to a utility, create a joint venture with an outside partner or develop the property itself.
USE
